Regulatory technologies (RegTech) are the new paradigm of supervision and compliance in the banking sector. However, the application of technological solutions to reduce compliance costs in supervising financial activities can interfere with the intervention of regulators. The extent to which compliance with the regulation can be automated by technologies raises the question whether the manual intervention is still required. This article examines the potential of RegTech solutions to automate rules and principles. Addressing the challenges of regulatory compliance with the use of technology allows bank regulators to embrace speed and agility, supported by cost savings, resource optimisation and value creation.
|Titolo:||Automated Regulation and Supervision: The Impact of RegTech on Banking Compliance|
|Data di pubblicazione:||2020|
|Appare nelle tipologie:||01.1 - Articolo su rivista (Article)|
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